Short Interest in CF Bankshares Inc. (NASDAQ:CFBK) Decreases By 9.1%

CF Bankshares Inc. (NASDAQ:CFBK) was the target of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totalling 2,000 shares, a decrease of 9.1% from the August 15th total of 2,200 shares. Based on an average daily trading volume, of 2,300 shares, the short-interest ratio is presently 0.9 days. Currently, 0.1% of the shares of the stock are short sold.

Hedge Funds Weigh In On CF Bankshares

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its stake in shares of CF Bankshares by 9.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 25,243 shares of the savings and loans company’s stock worth $474,000 after acquiring an additional 2,172 shares during the last quarter. Kennedy Capital Management LLC purchased a new stake in shares of CF Bankshares in the first quarter valued at about $619,000. Finally, Graham Capital Wealth Management LLC purchased a new stake in shares of CF Bankshares in the second quarter valued at about $2,774,000. Institutional investors and hedge funds own 41.06% of the company’s stock.

CF Bankshares Price Performance

Shares of NASDAQ:CFBK traded up $0.59 during midday trading on Tuesday, hitting $22.25. The company’s stock had a trading volume of 7,508 shares, compared to its average volume of 4,196. The company has a market cap of $114.03 million, a P/E ratio of 9.06 and a beta of 0.56. CF Bankshares has a 12-month low of $14.69 and a 12-month high of $22.68. The business’s 50 day simple moving average is $21.10 and its 200 day simple moving average is $19.97. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.15 and a current ratio of 1.15.

CF Bankshares (NASDAQ:CFBK) last released its quarterly earnings data on Tuesday, August 6th. The savings and loans company reported $0.26 EPS for the quarter. The company had revenue of $12.59 million during the quarter. CF Bankshares had a net margin of 10.79% and a return on equity of 8.35%.

CF Bankshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 19th. Investors of record on Thursday, July 11th were given a dividend of $0.06 per share. The ex-dividend date was Thursday, July 11th. This represents a $0.24 dividend on an annualized basis and a yield of 1.08%. CF Bankshares’s payout ratio is 10.00%.

CF Bankshares Company Profile

CF Bankshares Inc operates as the bank holding company for CFBank, National Association that provides various banking products and services in the United States. The company accepts savings, retail and business checking accounts, and money market accounts, as well as certificates of deposit. It offers single-family mortgage loans; commercial real estate and multi-family residential mortgage loans; commercial loans and equipment leases; residential real estate loans and treasury management depository services; retail banking services and products.